|11 July, 2019

Foreign investments likely to contribute 2.5% to Egypt’s GDP

Government's investments in the health sector rose by 47%

A factory worker works at a spinning factory on the outskirts of Cairo, Egypt, January 30, 2017. Image used for illustrative purpose

A factory worker works at a spinning factory on the outskirts of Cairo, Egypt, January 30, 2017. Image used for illustrative purpose

REUTERS/Mohamed Abd El Ghany

Cairo – Foreign investments are expected to contribute 2.5% of Egypt’s gross domestic product (GDP) in fiscal year 2019/2020, the country’s finance minister Mohamed Maait said in a statement on Thursday.

Foreign direct investment (FDI) increased by $7.4 billion, Maait revealed during Paris Europlace forum.

In addition, the Egyptian government has increased its investments in the health and education sectors by 47% and 70%, respectively, he added.

Source: Mubasher

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